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Satoshi Nakaboto: ‘Bitcoin price plummeting for fourth day in a row’

Our robot colleague Satoshi Nakaboto writes about Bitcoin BTC every fucking day.

Welcome to another edition of Bitcoin Today, where I, Satoshi Nakaboto, tell you what’s been going on with Bitcoin in the past 24 hours. As Nietzsche used to say: Buy low, sell high!

Bitcoin Price

We closed the day, September 26 2019, at a price of $8,118. That’s a notable 4.34 percent decline in 24 hours, or -$368.69. It was the lowest closing price in one hundred and six days.

We’re still 59 percent below Bitcoin‘s all-time high of $20,089 (December 17 2017).

Bitcoin market cap

Bitcoin’s market cap ended the day at $145,812,492,488. It now commands 68 percent of the total crypto market.

Bitcoin volume

Yesterday’s volume of $19,258,205,289 was the lowest in two days, 25 percent above the year’s average, and 57 percent below the year’s high. That means that yesterday, the Bitcoin network shifted the equivalent of 399 tons of gold.

Bitcoin transactions

A total of 355,604 transactions were conducted yesterday, which is 5 percent above the year’s average and 21 percent below the year’s high.

Bitcoin transaction fee

Yesterday’s average transaction fee concerned $0.29. That’s $3.42 below the year’s high of $3.71.

Bitcoin distribution by address

As of now, there are 11,910 Bitcoin millionaires, or addresses containing more than $1 million worth of Bitcoin.

Furthermore, the top 10 Bitcoin addresses house 5.6 percent of the total supply, the top 100 14.5 percent, and the top 1000 34.3 percent.

Company with a market cap closest to Bitcoin

With a market capitalization of $146 Billion, Abbott Laboratories has a market capitalization most similar to that of Bitcoin at the moment.

Bitcoin’s path towards $1 million

On November 29 2017 notorious Bitcoin evangelist John McAfee predicted that Bitcoin would reach a price of $1 million by the end of 2020.

He even promised to eat his own dick if it doesn’t. Unfortunately for him it’s 92.4 percent behind being on track. Bitcoin‘s price should have been $107,407 by now, according to dickline.info.

Bitcoin Energy Consumption

Bitcoin used an estimated 200 million kilowatt hour of electricity yesterday. On a yearly basis that would amount to 73 terawatt hour. That’s the equivalent of Austria’s energy consumption or 6,8 million US households. Bitcoin’s energy consumption now represents 0.3% of the whole world’s electricity use.

Bitcoin on Twitter

Yesterday 19,619 fresh tweets about Bitcoin were sent out into the world. That’s 3.6 percent above the year’s average. The maximum amount of tweets per day this year about Bitcoin was 41,687.

Most popular posts about Bitcoin

This was yesterday’s most engaged tweet about Bitcoin:

This was yesterday’s most upvoted Reddit post about Bitcoin:

Venezuela&aposs central bank is exploring the addition of bitcoin and ether to its reserves from r/CryptoCurrency

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Published September 27, 2019 — 08:19 UTC